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TX HB650
Bill
Status
11/12/2024
Primary Sponsor
Mano DeAyala
Click for details
AI Summary
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School districts that purchase attendance credit under the recapture system can receive a 4% reduction in the total amount owed if they pay early
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To qualify for the credit, districts must elect to pay under the agreement method specified in Section 49.154(a)(2) and pay the full amount by February 15 of the applicable school year
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The 4% prepayment reduction is applied after any other reductions the district may be entitled to under existing provisions of Chapter 49
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Adds new Section 49.1541 to the Education Code, Subchapter D, Chapter 49
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Effective date is September 1, 2025
Legislative Description
Relating to a credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Education
Last Action
Referred to Public Education
3/4/2025